GST calculations vary by 1c
Hi there, I recently changed an item amount for invoicing and I now have varied gst calculations and this affects the overall total on the invoice. For example we went from $88/hr labour charge to ...
Forum Discussion
Hi 17Lissa,
This might be similar to the issue discussed in this post: Tax Amount Variance - rounding issue | MYOB Community. The variation in GST calculations by 1 cent is often due to rounding differences.
If you're still having trouble, reach out to our live chat support through our virtual assistant MOCA or submit a case via MyAccount so they can take a closer look on this.
Regards,
Sai
Hi Sai,
Thanks for you reply. I did look into this post but don't believe it is the issue. My 1 cent rounding issue is not consistent. It will occur randomly on an invoice. For example recently there were lots of 1 hour labour billed and one 1 hour labour showed as $86.36 ex GST and one showed as $86.37 ex GST. It will mostly show as $86.36 per unit ex GST, with the odd labour charged showing $86.37 ex GST. I understand it is a rounding issue, however it is not consistent. It randomly rounds up here and there through an invoice which will have 10 or more lines of labour charges. I have managed to fix the overall labour charge including GST with the actual selling price through the card and I have also managed to fix the overall total GST at the end of the invoice. So Total amounts are at least correct, it just isn't the best look to clients that the figure for ex GST will vary.
I will look into contacting live support.
Thanks.
